- Revenue certainty with take or pay GSA, which will allow the company to focus on paying dividends - Significant reductions in pipeline costs. CTP pipeline charges to east coast run at over $4/GJ, resulting in well head prices around $7/GJ. The NTG agreement will see a significant reduction in pipeline costs, elevating well head prices. - FID on drilling. This should set the stage for further resource expansion, and addition revenue will be directed at exploring further acerage.
This is the catalyst we've been waiting for. Regardless of the market reaction today, certainty of revenues over the long term will be recognised by the market.
Well done LD and team.
CTP Price at posting:
4.8¢ Sentiment: Buy Disclosure: Held
